Roth MKM Upgrades Lindsay (LNN)
Fintel reports that on October 23, 2023, Roth MKM upgraded their outlook for Lindsay (NYSE:LNN) from Neutral to Buy .
Analyst Price Forecast Suggests 16.02% Upside
As of October 5, 2023, the average one-year price target for Lindsay is 134.13. The forecasts range from a low of 129.28 to a high of $141.75. The average price target represents an increase of 16.02% from its latest reported closing price of 115.61.
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The projected annual revenue for Lindsay is 832MM, an increase of 23.43%. The projected annual non-GAAP EPS is 7.27.
What is the Fund Sentiment?
There are 455 funds or institutions reporting positions in Lindsay. This is a decrease of 13 owner(s) or 2.78% in the last quarter. Average portfolio weight of all funds dedicated to LNN is 0.12%, a decrease of 25.10%. Total shares owned by institutions decreased in the last three months by 7.54% to 11,349K shares. 
The put/call ratio of LNN is 1.56, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 774K shares representing 7.03% ownership of the company. In it's prior filing, the firm reported owning 801K shares, representing a decrease of 3.50%. The firm decreased its portfolio allocation in LNN by 26.11% over the last quarter.
Neuberger Berman Group holds 696K shares representing 6.32% ownership of the company. In it's prior filing, the firm reported owning 717K shares, representing a decrease of 3.08%. The firm decreased its portfolio allocation in LNN by 26.14% over the last quarter.
Amundi holds 554K shares representing 5.03% ownership of the company. In it's prior filing, the firm reported owning 419K shares, representing an increase of 24.45%. The firm decreased its portfolio allocation in LNN by 1.72% over the last quarter.
NBGNX - Neuberger Berman Genesis Fund Investor Class holds 459K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 478K shares, representing a decrease of 4.19%. The firm decreased its portfolio allocation in LNN by 17.72% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 346K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 338K shares, representing an increase of 2.22%. The firm decreased its portfolio allocation in LNN by 25.49% over the last quarter.
Lindsay Background Information
(This description is provided by the company.)
Lindsay Corporation is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world's rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic® center pivot and lateral move agricultural irrigation systems and FieldNET® remote irrigation management and scheduling technology as well as irrigation consulting and design and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world's roads, bridges and tunnels, through the Barrier Systems®, Road Zipper® and Snoline™ brands.
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This story originally appeared on Fintel.